Long NZDUSD on positive Daily and Weekly momentum
Long NZDUSD with positive and rising momentum on both Daily and Weekly (see upper and lower right).
Pullback towards and resistance at EMA21 240 min, which has been targeted (see upper left).
Uptrend is strong with ADX > 20 on 240 min.
Stop Loss: @ 0,73240 (about 10 pips below most recent low on 240 min). Will increase S/L to Break Even if 1:1 is reached, making the trade risk free.
I'm taking quarterly profits @ 1:1, 2:1, 5:1 and 10:1. I'll raise the stop loss if targets are reached.
Pullback towards and resistance at EMA21 240 min, which has been targeted (see upper left).
Uptrend is strong with ADX > 20 on 240 min.
Stop Loss: @ 0,73240 (about 10 pips below most recent low on 240 min). Will increase S/L to Break Even if 1:1 is reached, making the trade risk free.
I'm taking quarterly profits @ 1:1, 2:1, 5:1 and 10:1. I'll raise the stop loss if targets are reached.